VEEV Form 4: Director receives 262 RSU shares; ownership rises to 6,365
Rhea-AI Filing Summary
Hedley Mary Lynne, a director of Veeva Systems Inc. (VEEV), reported the vesting and delivery of restricted stock units on 09/01/2025. The filing shows 262 RSUs vested and were converted into 262 shares of Class A Common Stock with a reported price of $0, increasing the reporting person's direct beneficial ownership to 6,365 shares. The transaction is coded M(1) and noted as exempt from Section 16(b) under Rule 16b-6(b). The original grant was 1,049 RSUs awarded on 06/18/2025, with 1/4 vesting on 09/01/2025 and the remainder vesting quarterly thereafter subject to continued board service.
Positive
- Director alignment: 262 vested RSUs converted to 262 shares, aligning the director's interests with shareholders through equity compensation.
- Transparent disclosure: Filing specifies grant date (06/18/2025), vesting schedule, transaction date (09/01/2025), and exemption under Rule 16b-6(b).
Negative
- None.
Insights
TL;DR: Director received 262 vested RSUs converting to 262 shares; ownership modestly increased, transaction exempt under Rule 16b-6(b).
The report documents a routine equity vesting event for a board member, converting 262 vested RSUs into 262 shares at a reported price of $0 and raising direct holdings to 6,365 shares. This is a non-cash compensation vesting rather than an open-market purchase or sale, and it is recorded as transaction code M(1) with the filing stating Rule 16b-6(b) exemption. For investors, this reflects standard equity compensation to align director incentives but is not a material change to ownership proportions.
TL;DR: Vesting follows the issuer's equity plan schedule; disclosure is complete and shows continued service-based vesting.
The Form 4 provides clear disclosure of an RSU grant from 06/18/2025 where 1/4 vested on 09/01/2025 and the remainder vests quarterly, contingent on continued board service. The filing is signed via attorney-in-fact and cites the appropriate exemption for plan-based transactions. This is a routine, compliant disclosure of director compensation and subsequent beneficial ownership.
Insider Trade Summary
| Type | Security | Shares | Price | Value |
|---|---|---|---|---|
| Exercise | Restricted Stock Units | 262 | $0.00 | -- |
| Exercise | Class A Common Stock | 262 | $0.00 | -- |
Footnotes (1)
- Transaction exempt from Section 16(b) of the Securities Exchange Act of 1934 (the "Act") pursuant to Rule 16b-6(b) promulgated under the Act. Each Restricted Stock Unit ("RSU") represents a contingent right to receive one share of Class A Common Stock of the Issuer. On June 18, 2025, the Reporting Person was granted 1,049 RSUs under the Issuer's Amended & Restated 2013 Equity Incentive Plan, of which 1/4 of the RSUs vested on September 1, 2025, with the remaining RSUs vesting equally on a quarterly basis thereafter, subject to continued service on the Issuer's board of directors on the applicable vesting date.
